Agoa.info - African Growth and Opportunity Act
TRALAC - Trade Law Centre
You are here: Home/News/Article/US President Biden announces US-Africa summit for mid-December 2022

US President Biden announces US-Africa summit for mid-December 2022

Published date:
Thursday, 21 July 2022

President Joe Biden announced on Wednesday that the United States will bring together leaders from across the African continent for a major summit in December in Washington to discuss pressing challenges from food security to climate change.

"The summit will demonstrate the United States’ enduring commitment to Africa, and will underscore the importance of U.S.-Africa relations and increased cooperation on shared global priorities," Biden said in a statement.

The U.S.-Africa Leaders Summit, scheduled for Dec. 13-15, was announced simultaneously in virtual remarks by Vice President Kamala Harris to the U.S.-Africa Business Summit in Marrakech hosted by the Corporate Council on Africa and the kingdom of Morocco and attended by a U.S. delegation. 

A senior administration official, discussing the U.S.-Africa summit plans on condition of anonymity, said about 50 African leaders are expected to join Biden for the Dec. 13-15 series of meetings.

It will come at the end of a year when Biden has engaged other regions of the world with trips to visit U.S. allies in Asia, Europe and the Middle East. Biden has yet to visit Africa since becoming president, and the summit will be his most comprehensive look at the complexities of the continent.

A backbeat of Biden's diplomatic efforts thus far has been to promote Western democracies as a counterweight to China, but the official said the U.S.-Africa summit was not all about Beijing.

"We are not asking our African partners to choose," the official told Reuters. "We believe the United States offers a better model, but we are not asking our African partners to choose."

The U.S. Agency for International Development announced on Monday that it is providing nearly $1.3 billion in aid to the Horn of Africa nations of Ethiopia, Kenya and Somalia to help stave off mass starvation and deaths in the drought-stricken region.

Biden said the summit will work toward new economic engagement, promote democracy and human rights, advance peace and security, and address challenges such as food security and climate change as well as the pandemic.

The president believes that U.S. collaboration with leaders from African governments, civil society, the private sector and the African diaspora will help tackle some of the challenges, the official said.


 

21 July Press Release:

Vice President Kamala Harris Announces December United States – Africa Leaders Summit in Washington, DC

Prosper Africa Press Release

On July 20, Vice President Kamala Harris announced that she and President Joe Biden are looking forward to welcoming African leaders to Washington, DC from December 13-15, 2022 for the United States-Africa Leaders Summit. She made this announcement on behalf of the U.S. delegation to the U.S.-Africa Business Summit, co-hosted by the Corporate Council on Africa and the Kingdom of Morocco.

“Our Administration’s goal,” she shared, “is to promote inclusive and sustainable economic growth and development across the continent, to expand capital flows, and to promote the vibrant spirit of entrepreneurship and innovation that is so prevalent across Africa.” Full remarks in the attached document.

Hon. Dana Banks, Special Assistant to the President and Senior Advisor for the U.S-Africa Leaders Summit, highlighted the importance of engaging a wide range of African and U.S. stakeholders. The President’s upcoming Summit reflects the breadth and depth of American partnerships with African governments, institutions, and citizens—partnerships based on dialogue that harness the ingenuity and creativity of our peoples.

The Vice President’s remarks marked four days of engagements by a U.S. delegation, organized by Prosper Africa, that included senior leadership from ten U.S. Government agencies and a group of U.S investors who manage over a trillion dollars in assets.

Hon. Alice Albright, Chief Executive Officer of the Millennium Challenge Corporation (MCC), led the delegation where she reinforced the Biden-Harris Administration’s whole-of-government commitment to increasing two-way trade and mobilizing investment in Africa’s fast-growing markets. She showcased MCC’s newest $460 million Morocco Employability and Land Compact, which is part of the agency’s commitment of $1.1 billion in Morocco.

Hon. Enoh T. Ebong, Director of the U.S. Trade and Development Agency (USTDA), announced new commitments that will support the development of resilient healthcare systems and increase access to quality healthcare in Nigeria and across the continent, expand internet access in support of bridging the digital divide across Southern Africa, and support South Africa’s decarbonization efforts through the Just Energy Transition Partnership. Director Ebong announced USTDA funding for a feasibility study to develop Morocco’s first smart grid, which will transform the power distribution infrastructure in Marrakech. Director Ebong also co-hosted a roundtable along with the Africa Investment Forum to spotlight women-led businesses and projects that are facilitating the deployment of U.S. solutions to Africa’s infrastructure in support of Prosper Africa.

Travis Adkins, President and Chief Executive Officer of the U.S. African Development Foundation (USADF), highlighted the central role of African small and medium-sized enterprises in fueling the continent’s economic growth and recovery. He reinforced USADF’s core commitments to providing direct investments and technical assistance to African-owned and African-led enterprises and social entrepreneurs. He also engaged with African government officials to discuss the potential for partnerships, with a focus on USADF’s priority programming areas of food security, youth employment, women’s economic empowerment, and renewable energy.

Throughout the event, a powerful group of U.S. investors forged new connections with African public and private sector leaders and participated in a series of pitch sessions focused on investment opportunities in resilient infrastructure. Joseph Boateng, Chief Investment Officer of Casey Family Programs, shared that “Prosper Africa is working with institutional investors to help them overcome their misperceptions of the risks of investing in Africa by introducing investment opportunities and the tools available to mitigate their real risks… These delegations highlight that capital can have transformative effects when put to work under the right conditions and aligned interests. Teaming up with our counterparts in Africa can be powerful in getting capital to where it’s needed while also generating strong returns.”

Read related news articles

Opinion: 'Continuing challenges for African trade'

The beneficial effects of trade on any economy are well known, and an upscaled trading ability for SA would go a long way to improving its economic position. Benefits would be particularly extensive if they were those flowing from innovative downstream facets of the economy which expanded value-add supply chains.  Naturally enough, all this needs a growth-conducive context dependent on a variety of factors. Concrete steps must be...

28 November 2023

Protection likely for African countries that outgrow AGOA

The improved agreement of the African Growth and Opportunity Act (AGOA), due to expire in 2025, is likely to have fewer requirements for graduation from the programme to avoid beneficiaries losing out on the lucrative commercial ties with the US, says a top Washington diplomat. The legislation, which was enacted in 2000 and allows Sub-Saharan African countries preferential access to US markets, requires that beneficiaries be graduated out of...

06 November 2023

Statement from President Biden on AGOA reauthorization

I strongly support reauthorization of the African Growth and Opportunity Act— a landmark, bipartisan law that has formed a bedrock for U.S. trade with sub-Saharan Africa for more than two decades. I encourage Congress to reauthorize AGOA in a timely fashion and to modernize this important Act for the economic opportunities of the coming decade. AGOA is facilitating private-sector led economic growth across sub-Saharan Africa by increasing...

01 November 2023

Will Biden visit Africa this year?

President Joe Biden’s agenda is chock-full with many competing and challenging issues. Nevertheless, at the U.S.-Africa Leaders Summit last December, the president said that he would visit Africa in 2023. No details have been made public, but hopefully planning is well underway for what would be the first visit to the continent by a U.S. president since President Obama went to Kenya and Ethiopia in 2015. While the administration...

22 September 2023

US AGOA and private sector collaboration as backbone for strengthening relations with Africa

With over 1300 delegates at the US-African  Business Summit held mid-July in Gaborone, Botswana, the main focus was on mapping out strategies to strengthen trade and economic relations between the United States and Africa. Majority of the speakers emphasized reviewing and widening collaboration between governments, while others underlined the importance of the private sector as the key driver in achieving  robust economic growth in...

17 July 2023

US and Africa: increased engagement regarding trade creating opportunities in the African free trade area

There was more good news for the successful implementation of the African Continental Free Trade Area (AfCFTA) agreement in December 2022, when a Memorandum of Understanding (MoU) was signed between the United States (US) Trade Representative and the AfCFTA Secretariat at the US-Africa Leaders’ Summit (Summit) in Washington DC. The MoU covers expanded engagement between the two regions and intends to “promote equitable, sustainable, and...

01 May 2023

Recalibrating US economic engagement with Africa

Nearly 23 years since the United States established the African Growth and Opportunity Act, or AGOA, the continent it was created for no longer exists. In the last two decades, there have been three major shifts that have worked together to cultivate a new Africa—an Africa that requires a different approach to trade and economic investment. First, there are China’s development initiatives, which have resulted in roads, rails, bridges, and...

18 April 2023

Taking stock of America’s flagship trade programme for Africa

Pankaj Bedi strides through his factory on the edge of Nairobi, past clattering sewing machines, bustling workers and boxes of jeans. None of this would be here, he says, were it not for the African Growth and Opportunity Act (AGOA). The landmark trade policy was introduced by Bill Clinton in 2000, granting duty-free access for more than 6,000 products from sub-Saharan Africa. Two years later, Mr Bedi opened United Aryan, his clothing...

08 February 2023

US and Kenya to hold first round under their Strategic Trade and Investment Partnership (STIP)

The United States and Kenya will hold an in-person round of conceptual discussions under their Strategic Trade and Investment Partnership (STIP) in Washington, DC, from February 6-10, 2023.   The United States delegation will be led by Assistant United States Trade Representative Connie Hamilton, and will include representatives from several other government agencies. United States Trade Representative Katherine Tai and then-Kenyan...

04 February 2023

'AGOA shows US has successfully courted Africa' - Columnist

US treasury secretary Janet Yellen is in town this week. While news headlines have focused on the overlapping visits to the continent of Yellen, Russia’s Sergey Lavrov and China’s Qin Gang, Yellen’s comparative advantage is marked. She’s a pre-eminent economist — the first to have led the Federal Reserve, the White House council of economic advisers and the treasury — and she’s here to leverage that experience to build US-Africa...

26 January 2023

US treasury secretary Janet Yellen touts deeper ties with South Africa to help boost trade

The US is seeking to deepen its economic integration with South Africa in pursuit of policies to diversify global supply chains, US Treasury Secretary Janet Yellen said. Closer ties with nations that share the US’s economic values will help promote so-called friendshoring, in which allies cooperate on manufacturing and sourcing raw materials, Yellen said at a meeting with South African Finance Minister Enoch Godongwana on...

25 January 2023

You are here: Home/News/Article/US President Biden announces US-Africa summit for mid-December 2022